Zara store owner sees solid profit growth in H1

The interior of Zara on Belfast’s Donegall Place

The interior of Zara on Belfast’s Donegall Place

Inditex, the world's biggest clothing retailer and owner of the Zara brand, posted a 9% rise in first-half profit but gross margin as a percentage of sales slipped from the same time past year due to the stronger euro.

For the first half, net profit amounted to 1.37 billion euros, an year-on-year growth of 9 percent.

Sales at constant currency terms increased by 12% in the first seven weeks of the second half, beating expectations.

The company also continued to generate jobs at a healthy pace, having created 11,043 new positions in the last 12 months.

But gross margin fell slightly to 56.4 per cent from 56.8 per cent previous year, due to the strong position of the Euro as well as increased clearance offers.

Among 3 analysts covering Inditex (OTC:IDEXY), 1 have Buy rating, 0 Sell and 2 Hold.

Inditex's results are sensitive to fluctuations in the euro.

Inditex is notable for its fast fashion capabilities, keeping most of its production in Europe to respond quickly to trends.

Inditex´s chairman and CEO, Pablo Isla, said that the "strength and sustainability of the company´s integrated offline-online store model, which year after year continues to demonstrate its ability to deliver growth, while emphasising the creation of value for society and the environment, as evidenced by the notable creation of jobs, particularly in Spain, thanks to the headquarters effect".

Notícias recomendadas

  • 'Suspicious object' causes M1 closure near Milton Keynes

    'Suspicious object' causes M1 closure near Milton Keynes

    The object does not contain an improvised explosive device and therefore there has been no controlled explosion. Josh Olipin said: "Stuck in 25 miles of stationary traffic on the M1 at j14 yayyy both sides closed".
    'Gotham' Season 4 Extended Trailer: A Dark Knight Rises

    'Gotham' Season 4 Extended Trailer: A Dark Knight Rises

    Even more exciting, the future Dark Knight will finally clash with the Penguin . "I would say this is the most evil Ra's al Ghul". Oswald Cobblepot has been vexing Batman for years in the comics, so their meeting on Gotham will be an exciting one.
    Le parquet classe l'enquête, de nouvelles plaintes en vue — Pilules contraceptives controversées

    Le parquet classe l'enquête, de nouvelles plaintes en vue — Pilules contraceptives controversées

    Son combat a été très médiatisé, et finalement, ce sont 130 plaintes qui ont été déposées contre les pilules contraceptives . Elles veulent porter plainte à nouveau avec constitution de partie civile qui visera directement les laboratoires et l'ANSM.
  • Local Agencies Promote National Child Passenger Safety Week

    Local Agencies Promote National Child Passenger Safety Week

    One of the more eye-opening findings is less than half of parents kept their child rear-facing until two years of age or longer. This week happens to be Child Passenger Safety Week.
    Backed forces take 90% of Raqqa from Isis in major offensive

    Backed forces take 90% of Raqqa from Isis in major offensive

    It quickly became synonomous with the group's most gruesome atrocities, including public beheadings. IS has pulled out of the north of the city and abandoned its grain silos and mills.
    Linda Hamilton de retour dans

    Linda Hamilton de retour dans "Terminator"

    Et cette dernière information révélée par James Cameron lui-même lors d'un événement privé a dû remuer de nombreux aficionados. L'histoire sera principalement composée de nouveaux personnages, mais Arnold et Linda seront là pour assurer la continuité .
  • Gov't work, public school classes suspended on September 21

    Meanwhile, class and work suspensions in private schools and companies are left to the discretion of their respective heads. Malacanang has suspended work in government offices and classes in public schools on September 21, 2017 (Thursday).
    Tillerson says Iran nuclear deal 'really has to be revisited'

    Tillerson says Iran nuclear deal 'really has to be revisited'

    Trump blasted the deal as "one of the worst and one-sided transactions the United States has ever entered into". Netanyahu also echoed the US demand for renegotiation of the expiring provisions of the deal.
    Clinton won't rule out questioning legitimacy of Trump's win

    Clinton won't rule out questioning legitimacy of Trump's win

    In addition, Clinton took a swipe at President Trump during the interview. Rocket Man is on a suicide mission for himself and for his regime".
  • 'Ignorant hate speech belongs in medieval times': Iran strongly criticises Trump

    Israel's Prime Minister Benjamin Netanyahu speaking at United Nations General Assembly in NY voiced his strong opposition to the Iran nuclear agreement.

    Technical Focus: Tracking Shares of Nuveen Credit Strategies Income Fund (JQC)

    The Average Directional Index or ADX is a technical analysis indicator used to describe if a market is trending or not trending. Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points.
    Le harcèlement de rue, bientôt pénalisé ?

    Le harcèlement de rue, bientôt pénalisé ?

    Il sera chargé de formuler " des préconisations pour que le gouvernement puisse proposer une loi visant à créer une infraction , faire en sorte que le harcèlement de rue ne soit plus toléré dans notre société ".

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.